China Oil Refining Falls to Eight-Month Low; Power Output Gains
This article is for subscribers only.
China’s crude processing fell to the lowest level in eight months in April as refineries shut units for maintenance and industrial production expanded at a slower pace than forecast. Electricity output increased.
Refining in the world’s second-largest oil consumer dropped to 9.36 million barrels a day last month, according to data published today on the website of the Beijing-based National Bureau of Statistics. That’s the lowest since August and 8 percent below December’s record.